Solana drops 5% on new FTX plan, quick rebound to wipe $125M shorts. https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=717/https://s3.cointelegraph.com/uploads/2024-05/db878f25-b985-4950-85da-4075de2ed080.jpg
Solana experienced a 5% drop in its price due to concerns related to FTX's announcement about selling off its assets, including a significant portion of Solana. This drop led to fears of a potential sell-off by the now-defunct exchange, causing a decline in Solana's price